XML 35 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
3 Months Ended
Mar. 31, 2017
Segment Information [Abstract]  
Segment Information
15.
Segment Information

The Company has two reportable business segments.  The Performance Improvement Solutions segment provides simulation, training and engineering products and services delivered across the breadth of industries we serve.  Solutions include simulation for both training and engineering applications.  Example training applications include turnkey and custom training services, while engineering services include plant design verification and validation. The Company provides these services across all market segments.  Contracts typically range from 9 months to 24 months.  The Company and its predecessors have been providing these services since 1976.

The Nuclear Industry Training and Consulting segment provides specialized workforce solutions primarily to the nuclear industry, working at clients' facilities.  This business is managed through our Hyperspring subsidiary.  The business model, management focus, margins and other factors clearly separate this business line from the rest of the GSE product and service portfolio.  Hyperspring has been providing these services since 2005.

The following table sets forth the revenue and operating results attributable to each reportable segment and includes a reconciliation of segment revenue to consolidated revenue and operating results to consolidated income (loss) before income taxes:

(in thousands)
 
Three months ended
 
  
March 31,
 
  
2017
  
2016
 
Revenue:
      
Performance Improvement Solutions
 
$
9,670
  
$
8,843
 
Nuclear Industry Training and Consulting
  
6,672
   
4,133
 
  
$
16,342
  
$
12,976
 
         
Operating income (loss):
        
Performance Improvement Solutions
 
$
(738
)
 
$
(42
)
Nuclear Industry Training and Consulting
  
935
   
188
 
Change in fair value of contingent consideration, net
  
(254
)
  
69
 
Operating (loss) income
  
(57
)
  
215
 
         
Interest income, net
  
27
   
27
 
Loss on derivative instruments, net
  
(160
)
  
(118
)
Other (expense) income, net
  
(3
)
  
102
 
(Loss) income before income taxes
 
$
(193
)
 
$
226